Sentences with phrase «by nominee»

Vikas, Term insurance amount received by nominee after death of insured is tax free as per section 10 (10D) of the income tax act

The death benefit received by the nominee is tax free under Section 10 (10D).

In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.

If the Annuitant dies within the policy tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity

In case of death of the Annuitant within the Policy Tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

If LIC declares it then it can be received as part of the death benefit by the nominee.

The bank is also required to verify the claim settlement form filled by the nominee of the insurer and to fill in the relevant columns of the claim form.

This has to be made by the nominee of the policy holder and the original copy of the policy has to be submitted when applying for the claim.

In case of term insurance, the claim has to be filed by your nominee.

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

Additionally, maturity amount received by the nominee is free from tax under Section 10 (10) D of the Income Tax Act.

Option 1 - Lump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premium)

If the death claim proceeds are not received by the nominee of the insured (assuming the policy is in premium paying status) then the entire purpose of premium payment and buying an insurance policy goes in vain.

Assured Option: If this option is chosen at policy inception, then the Death benefit receivable by the nominee will be as follows: Basic Sum Assured + Top - up Sum Assured, if any, subject to a minimum of 105 % of total premiums paid to date (excluding service tax).

The maturity benefits paid (in case of term plans with return of premium option) and also the claim amount (if any, received by your nominee) is also tax free under Section 10 (10D) of the income Tax Act 1961.

The plan also offers discounted value of the smart benefits to be availed by the nominee in the last 3 years of the premium payment

This can be done by the nominee, a close relative, the agent handling the policy.

In such cases, a discounted value of the outstanding annual income is received by the nominee, subject to a minimum of the Death Benefit payable less annual income already paid.

In case of unfortunate death of Jai at 7th policy year, benefits received by the nominee will be the sum assured of Rs. 1,00,00,000

Company promises to provide fund value amount of the policy for payment in case of death claims under the unit linked insurance policies within 48 hours of intimation and submission of the required documents by the nominee.

The monthly instalments increase at a simple rate of 8.5 % p.a. and they can also be withdrawn in lump sum any time by the nominee in which case the amount will be paid after discounting it @ 6.5 %.

In case of unfortunate death at any time during the policy term, the benefit received by the nominee / claimant will be Rs. 12,00,000 paid over 240 equated monthly installment.

In the event of an Accidental death, the following documents are required to be submitted by the nominee:

Offers protection against the repayment of loan liability by the nominee or legal heir in case of death of the policy holder.

Get protection against repayment of loan liability by the nominee / legal heir in the event of death of the Life Assured / member

At the time of death of the last survivor, 100 % of the purchase price of the policy (excluding all taxes and cesses) will be received by the nominee

If Mohan dies in the 11th year of the plan, as before, Rs. 9 lakhs paid under the plan can be used by the nominee to pay off the outstanding balance of loan availed by Mohan.

Death Benefit relates to the proceeds of the life insurance policy received by the nominee or the beneficiary upon the death of the life assured.

In this option, you can applicable the term for the monthly income to be received by your nominee to ensure continuous financial stability of the family.

The discounted value of the Smart Benefits under the SBI child plan may be availed by the nominee in the last 3 years of the premium payment

When a policyholder dies, the death benefit received by the nominee in case of type 2 ULIP is equal to sum assured plus fund value.

Over at SCOTUSblog, Marty Lederman is not encouraged by the nominee's response to questions about torture and executive powers.

Starling's Shedboatshed at the Turner Prize exhibition; Work by nominee Jim...

The Turner Prize is judged on solo exhibitions staged by each nominee during April 2012 through April 2013.

The video provided at the submission may be used and adapted if no other is provided by the nominee.

If the Redemption Awards are used by a Nominee, he / she shall provide proof of identity and confirmation of his / her relationship to the Member who redeemed the Redemption Awards, so that the hotel can verify the identity of the Nominee.

If your shares are held by a nominee, it may arrive later.

In the event of the demise of the employee and the uncommuted pension income being received by the nominee of the employee, one third of the pension amount or Rs. 15000, whichever is the two is a lower amount is tax exempted.

In case of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.

In addition to considering the specific work submitted by each nominee, the committees also looked at the entire body of work.

, who has been sharply critical of DeVos, said she was unsettled by the nominee's answers on sexual assault.

Directed by nominee Greta Gerwig, the feature grossed over $ 1.92 M in 1,172 theaters, averaging $ 1,642, down 16 %, but pushing it past the $ 40M level to a new cume of $ 41.64 M.

Work published by the nominee during graduate training will not be considered.

The student application form complicated and signed by the nominee.

The student application form completed and signed by the nominee.

The chief defect of the system was that in future, the election of a Catholicos had to be approved by the king of Persia, which in practice meant that the office could only be filled by his nominee.

The One - to - Watch Award shortlist for 2017 includes four junior world champions with many European titles and national accolades won by the nominees...

Mrs Osei said some of the fraudulent information provided by the nominees, the EC will pursue criminal prosecution against them.

Mrs Osei said some of the fraudulent information provided by the nominees would be followed up by the police for possible arrest and prosecution.

The filing fees paid by nominees who were disqualified from this year's presidential elections slated for December 7, will be refunded after the notice of poll, the Electoral Commission (EC) has said.